Wow! eBook
Economic Fundamentals Of Financial Markets
Author(s): Bart Taub (Author)
- Publisher: WSPC
- Publication Date: June 9, 2025
- Language: English
- Print length: 300 pages
- ISBN-10: 9819814960
- ISBN-13: 9789819814961
Book Description
This book develops the theory of interest rates for finance students, inclusive of risk considerations that are deeply relevant in their other finance courses that take account of modern macroeconomics and finance. The book starts with deterministic growth theory and the associated asset prices, then introduces stochastic elements, encompassing fundamental portfolio theory and the capital asset pricing model, and ends with tests of macroeconomic models using a state price approach. The entire book builds on tractable examples using a continuous time approach, enabling a unification of growth models with finance models.
Editorial Reviews
About the Author
Bart Taub joined the University of Glasgow in 2013 as Professor of Financial Economics within the Adam Smith Business School. He received his PhD from the University of Chicago, and has previously held academic appointments at the University of Durham, the University of Illinois, Virginia Tech and the University of Virginia, with visiting appointments at the University of Chicago, New York University, the Higher School of Economics, Moscow, and the European University Institute, Florence. He has been the recipient of grant support from the National Science Foundation, the Fernand Braudel Fellowship, European University Institute, the Guggenheim Foundation, and the Earhart Foundation. He has published numerous articles on monetary economics, growth theory, trade theory, the behaviour of firms and the functioning of stock markets, with a primary focus on how commitment and communication influence outcomes.
